The Following User Says Thank You to sufi For This Useful Post:

“The worse regular civilization does and the less you trust, the better crypto does,” Mr. Hummer said. "It’s almost like the ultimate short trade.”

Mr. Hummer went out to meet Joe Buttram, 27, for drinks. As a mixed martial arts fighter, Mr. Buttram said he would fight for a couple hundred bucks, sometimes a few thousand, and worked security at a start-up, but his main hobbies were reading 4chan and buying vintage pornography, passions that exposed him to cryptocurrency.

He said his holdings are into double-digit millions but wouldn’t give specifics other than to say he’d quit his job and is starting a hedge fund.

cash is taking its last breath and im terrified. the scope for control goes through the roof in a cashless society.

It's definitely a few sinister figures' wet dream to see a time - not so distant in the future - when you can't buy a fuckin ice-cream-cone anymore without using your damn smartphone. Actually an act of blatant absurdism - something so easy-to-do-in-the-past will need a hyper-complicated tech-infrastructure to work in the future. Or maybe not.

cash is taking its last breath and im terrified. the scope for control goes through the roof in a cashless society.

This is a strong argument for Bitcoin, money independent of central authority, money they cannot stop you spending or receiving or moving around, and recent developments make it money that isn't dependent on the Internet.

The Following User Says Thank You to HMGovt For This Useful Post:

My brother made a fair amount of money from mining bitcoin - I don't know how much, but he said it'll be enough to help him set up a home (he and his girlfriend are moving to Tasmania and he wants to buy land and build a house there). This was back when it was worthwhile doing it using a dongle that drew power off a USB port, unlike the industrial-scale mining that goes on now. If I'd thought about it at the time I'm sure he'd have been happy to show me how it was done and help me get started, if I'd asked him. But then I appear to have been born without much of an instinct for these things.

This is a strong argument for Bitcoin, money independent of central authority, money they cannot stop you spending or receiving or moving around, and recent developments make it money that isn't dependent on the Internet.

My brother made a fair amount of money from mining bitcoin - I don't know how much, but he said it'll be enough to help him set up a home (he and his girlfriend are moving to Tasmania and he wants to buy land and build a house there). This was back when it was worthwhile doing it using a dongle that drew power off a USB port, unlike the industrial-scale mining that goes on now. If I'd thought about it at the time I'm sure he'd have been happy to show me how it was done and help me get started, if I'd asked him. But then I appear to have been born without much of an instinct for these things.

i think the ship has probably sailed now. i wonder if idlerich (who started this thread) made a lot of money? rich?

i think the ship has probably sailed now. i wonder if idlerich (who started this thread) made a lot of money? rich?

Oh, as far as bitcoin itself is concerned, sure. Wasn't contesting that. There's a ton of other cryptocurrencies out there, though I dunno if any of them can be mined in quite the same way as bitcoin can (or could, a few years ago, using fairly ordinary computing hardware) or if you just have to buy them for cash like any other commodity.

This one seems to be symbolic of, oh I dunno, something about the age we live in: